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20121207
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the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk of the jobs are in global operations. i
year. >>> president obama appears to be winning support for his plan to raise taxes on the wealthy to help deal with the so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt tak
with insulting the islamic religion. >>> president obama touched on a number of issues ahead in his second term today. including middle class tax cuts and his ambassador to the united nations. she is thought to be on the short list to succeed hillary clinton as secretary of state. >> couldn't be prouder of the job that she's done. [ applause ] rice failed to win the support of two more republican senators today. many republicans have criticized her for her initial account of the benghazi consulate attack, which did not label it as a terrorist attack. >>> to be a fly on the wall at the white house tomorrow. president obama will be having mitt romney over for lunch. during his victory speech, the president said he would reach out to romney and consider some of his ideas talked about during the campaign. no media coverage is expected. >>> the president of mexico has a new job lined up after his john ends in february. he will become a fellow at the. >>> a big jackpot on the line. what we are just hearing from powerball officials about where winning tickets were sold. plus the demand in one city tha
an agreement is not close at hand. president obama went into campaign mode touring a toy factory. he repeated his call for an extension of bush era tax cuts for those earning less than $250,000. while raises taxes for those who make more. the president acknowledged an agreement will take some time. >>> and all of us are going to have to get out of our comfort zones to make that happen. i'm willing to do that, and i'm hopeful that enough members of congress in both parties are willing to do that as well. >>> republicans meanwhile criticized president obama's latest proposal that came yesterday to raise revenue. they said it wasn't serious. >> there's a stalemate, let's not kid ourselves. i'm not trying to make this more difficult. >> house speaker john boehner said this isn't the time for public posturing for either side. and he added that what he wants to see right now is serious negotiations and added he's willing to do just that. hundreds of billions of the dollars of cut. >> cole: take effect as of january 1. >>> stocks ended flat at negotiations on that fiscal cliff tended to stall. >>>
a counteroffer to president obama in the opening round of negotiations to avoid the fiscal cliff. the gop says its proposal would save $800 billion through tax reform. $900billion in mandatory spending cuts, and $300 billion in discretionary cuts. it does not increase tax rates on upper income americans which the white house insists must be included in any deal. >>> on wall street stocks lost ground. nasdaq dropped 8 points. analysts point to a decline in manufacturing, and ongoing worries over the fiscal cliff. >>> what some hoped would be a historic announcement on life on mars didn't amount today. project scientists said soil tests performed by the curiosity rover only showed organic compounds. no proof yet that life existed, or could exist on the red planet. the scientists created big expectations by saying it would be one for the history books. today they said they were only referring to the richness of the data coming from the rover. ♪ [ music ] of course. >>> live storm tracker 2 picking up showers north of us. these showers are going to work their way south. the computer model shows
Search Results 0 to 4 of about 5